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second tract i need a deal for all the reasons -- >> if we go over the fiscal cliff he can blame the republicans and he can do the tax cuts on the rich thing, he's the president. i mean, you know, as has been said we don't really remember who the leader of the house was when hoover was president. i mean, you know -- ultimately it's his economy. >> it's his country and it's his economy and it's his government but i think one of the things that is instructive we are now down to such a tiny perspective deal the tough issues are not being dealt with at all. even the sequestration which was supposed to be so horrible, the cuts in other many practices supposed to be so horrible we would never let them happen will almost certainly happen because there is not time to deal with that in the next 24 hours. >> it's a sad -- >> the frustrating thing for me isn't this what we really need to do? i think washington is incapable of making a deal that will help the country. what we're talking about here is a deal that's going to help the politicians. it'll help the president. we're arguing it's go
cliff, lawmakers are finally saying, let's make a deal. >> i'm hopeful and optimistic. >> whatever we come up with will be imperfect, and some people won't like it. >> what will the imperfect solution look like? even if there is a deal, will it be able to pass? and why does it always come to this? >> this is deja vu all over again. >> we'll ask our headliners. from the senate, democrat chuck schumer and republican jon kyl. from the house, democrat chris van hollen and republican raul labrador. in our powerhouse roundtable on all the week's politics with former vermont governor howard dean, former minnesota governor "vanity fair" and maggie haberman of politico. >>> you are looking at live pictures of capitol hill. over the next 12 hours, what happens there or what doesn't happen will cut to the very heart of your financial future and the fate of our struggling economy. good morning, i'm jonathan karl with a special edition of "this week." george is off for the holidays. the world is watching and waiting to see what happens here today in washington. at this hour, congressional leaders
minute, but to avoid going over the fiscal cliff, to avoid taxes being raised on middle class folks and on 98% of america to avoid, in my view, a sequestration that would be very damaging to the defense and nondefense sides, there's an agreement that's possible, and, you know, there are four issues that are outstanding. each of them is bridgeable in a certain way. they are, we believe that the bush tax cuts should go up for people above $250,000 income a year. there is a disagreement on estate tax. we prefer the 2009 levels. jon would prefer something else. whether unemployment insurance is included in, we feel that's very important, and then whether you use some small portion of the revenues you gain from the tax increases to pay down sequestration per year. those would be the four areas they have to come to agreement on. there are some areas i think there is agreement. dealing with the amt patch so that middle class people don't go up, the sgr, the medicare and some tax expenditures on business and middle -- >> let's be clear here. you're talking about extending tax cuts for most
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